Cardano’s price started off Tuesday at $0.50 in the convergence zone between two 60-day trend lines with key support at $0.50. ADA tokens are flashing some interesting market signals as a result.
The Ethereum competitor and blue chip cryptocurrency is flashing some interesting technical signals, such as a falling wedge and surging trading volume. Moreover, as the Cardano price stayed above $0.50 while testing falling resistance in January, the number of ADA holders with losses recovered significantly.
Cardano Price Technical Signals
Cardano’s price has held up at $0.50 support since a major rally from $0.38 to $0.67 the first week in December. But it faced two sharp tests from bears on Jan. 7 and Jan. 25th.
Meanwhile, ADA repeatedly tested falling resistance at $0.62 the last week in December, $0.58 the first week in January, and $0.53 the last week in January.
As a result, the support line at $0.50 is about to converge with the falling line of resistance, forming a falling wedge p
We współpracy z: https://cryptopotato.com/is-cardano-ada-price-about-to-explode-to-0-60-three-things-to-watch-today/
